14 Most Expensive Stocks Insiders Are Buying In March

5. UMB Financial Corp (NASDAQ:UMBF)

Market Capitalization: $7.44 billion

UMB Financial Corporation, a bank holding company providing banking and asset servicing in the United States and internationally, ranks fifth among the 14 most expensive stocks insiders are buying in March. The Kansas City, Missouri-headquartered company operates through Commercial, Institutional, and Personal Banking segments, offering services such as commercial loans, asset management, healthcare payment solutions, retail banking, and investment advisory.

In January, UMB Financial completed its acquisition of Heartland Financial USA, Inc. As a result, UMB’s assets increased to approximately $68 billion (as of Dec. 31, 2024), expanding its presence from eight to 13 states. The acquisition also boosted UMB’s private wealth management assets by 32% and significantly increased its retail deposit base.

For the full year 2024, UMB Financial reported earnings of $441.2 million ($8.99 per diluted share), which compares to $350 million ($7.18 per diluted share) in 2023. Revenue totaled $1.57 billion, a 10.36% increase from $1.42 billion in 2023.

Recently, the company’s board of directors approved a dividend of $175 per share for its Series A 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, which equals $0.4375 per depositary share.

In March, two insiders purchased a total of around $47,812 worth of UMB Financial shares at an average price of $110.19 per share. The stock has declined 9.31% year-to-date, and currently trades at $102.35 per share. However, over the past 12 months, UMB Financial has returned 25.51% to its investors.

According to StockAnalysis, seven analysts have rated UMB Financial stock as “Buy” with a price target of $128.71 per share. This average price target suggests a 25.76% upside from the latest price.